Chinese economic growth declines to a historical low level
Increasing debt problems and a trade war with the US has created problems in China's economy.
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Increasing debt problems and a trade war with the US has created problems in China's economy.
Oil prices continued losses as uncertainty hovers over the extent of OPEC's production cuts before the cartel's meeting on Thursday. The US President continues to urge against curbing output.
Following Trump's recent claims that China had agreed to start buying certain US products "immediately", Chinese officials are preparing to restart imports of US soybeans and LNG.
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
Despite a truce, the trade war between the US and China has impacted three otherwise good quarters on the bulk market and created major uncertainty, says Nordea in an analysis. Bimco warns that the recovery is "fragile."
While Trump called his weekend trade truce with the Chinese president an "incredible deal," the meeting risks prolonging the trade war.
Mæglere siger til S&P Global Platts, at Donald Trumps kommentarer om svovlkrav fredag "knuste" det europæiske bunkermarked. "Vi har set Trump trække sig ud af større ting," lyder det fra en af mæglerne.
The US and China want the World Trade Organization to address the case of increased customs tariffs.
Trump's foreign policy and trade wars with Iran and China have led to oil flows shifting across the globe. Increased US output also has an effect.
US President Donald Trump repeated his attacks on OPEC, claiming the cartel is forcing up oil prices, and he called on some members to start paying the US for military protection.
Oven på et lille fald i brentpriserne tirsdag ligger oliepriserne stabilt onsdag morgen. Præsident Trump beskylder Opec for at "snyde" resten af verden.
If the trade war between the US and China escalates, it will likely lead to less traffic going through the Panama Canal, warns the canal's administrator.
US President Donald Trump will likely already Monday take a new step in the trade dispute with China by placing tariffs on almost all of the US' annual import of goods from China.
Germany, France and the UK are allegedly working on a solution that will enable European companies to do business in Iran without being affected by the US sanctions effective from this autumn.
In an interview, Trump threatens to pull the US from WTO, at the same time he rejects the EU's tariff proposal.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.
This week, the US will implement several sanctions against Iran which had previously been suspended under the nuclear accord.
New talks are allegedly underway between the US and China in an effort to avert a full-blown trade war, sources familiar with the efforts say.
Representatives from the EU, Canada, Mexico, Japan and South Korea meet in Geneva on Tuesday to coordinate a counter-response to what could be the joker in Trump's tariff war – namely tariffs on the import of cars.
ANALYSIS: If one looks closer at what the US and EU actually promised, there are hardly any changes to the status quo. Watch Medier's EU correspondent dissects this week's deal and what it actually entails.
Iran will respond with equal countermeasures if the US makes good on its threat to block the country's oil exports, reports Reuters.
According to CNBC, the US president is prepared to impose extra tariffs on Chinese goods, totalling USD 500 billion, if the need arises.
Maersk could struggle to turn a profit this year as China and the US descend into a trade war that will likely hurt the world's biggest liner shipping company.
The US is preparing to release a list of an additional USD 200 billion worth of Chinese products to be hit with tariffs. The list could be published as soon as this week.
The US has imposed tariffs on USD 34 billion of Chinese imports. China says it will be forced to retaliate.
Corporate Finance Analyst for Group Treasury - Bunker Holding
Head of Performance Management | Lyngby (Denmark) - GreenSteam
Senior Market Research Analyst in UltraBulk
Vetting Manager - NORDEN
